Bollywood actor Salman Khan has given a four-storeyed property spread over an area of 27,650 sq ft, on rent for two years to TNSI Retail Pvt Ltd, a subsidiary of Future Retail Limited in Mumbai. Whose monthly rent is around Rs 89.6 lakh. According to the CRE Matrix documents, Salman will get a rent of Rs 89.60 lakh per month from this property in the first year, which will increase to Rs 94.08 lakh per month next year.
Documents shared by CRE Matrix revealed that the property was already on rent and the lease has been renewed on September 5. The documents show that the company has deposited an amount of Rs 2.68 crore as security.
Apart from this, the stamp duty deposited by both the parties is said to be Rs 5.87 lakh. Please tell that Salman’s property is at the hotspot of Bandra. There is a supermarket and a few cafes, bakeries and gift shops.
Salman Khan had given this property on lease in the year 2017. The lease was started in July 2017 between Salman Khan and Future Retail for 60 months at a monthly rent of Rs 80 lakh. Then in July 2020 (after three years), the monthly rent was increased by about 12 per cent to Rs 89.6 lakh.
This four-storey property, built on Linking Road, Santa Cruz West, is spread over an area of 23,042 square feet. Salman’s property is on basement, plus ground, plus first floor and second floor. There has been no response from the actor regarding the renewal of the lease agreement of Salman’s property. At the same time, Future Group has also not made any disclosure about this.
In July this year, the Mumbai Bench of the National Company Law Tribunal (NCLT) had ordered bankruptcy proceedings against debt-ridden Future Retail Ltd.